Will Kroger Buy Whole Foods? Or Maybe Amazon?

Whole Foods (WFM) shares have rallied on news that activist hedge fund Jana Partners took an 8.8% stake in the organic grocer last week.

Jana is pushing the company to accelerate its turnaround, as well as put out feelers to see how much it could fetch in a sale. Credit Suisse’s Edward Kelly and his team reiterated an Outperform rating and a $40 price target on the stock, writing that the market undervalues what a suitor might be willing to pay for Whole Foods.
Source: Barrons

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